909- 58 Lakeside Terrace, Barrie
Barrie
$475,000
Cash flow, cap rate & mortgage breakdown
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Listed by PARKER COULTER REALTY BROKERAGE INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
48
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Estimated from market price-to-rent ratios
Remarks
Rare opportunity offering TWO OWNED UNDERGROUND PARKING SPACES plus an owned locker. Enjoy lakeside living with convenient access to Downtown Barrie, Hwy 400, RVH, shopping, dining, and everyday amenities. Just steps to Little Lake and nearby walking trails. This bright and beautiful east-facing condominium features 2 bedrooms and 2 full bathrooms with an open concept living and dining area that walks out to a spacious private balcony, perfect for morning coffee or relaxing outdoors. The modern kitchen offers a breakfast island, ample cabinetry, quartz countertops, and afunctional layout ideal for entertaining. Convenient in-suite laundry adds to the ease of everyday living. Good sized bedrooms including primary with ensuite. Residents enjoy exceptional building amenities including guest suites, games room, party and meeting rooms, rooftop terrace, fitness centre, bike storage, and concierge services. An excellent opportunity for downsizers, professionals, investors, or anyone seeking low-maintenance living in a prime location. Tandem parking: Unit 52 - Level B. Locker: Unit 63 - Level B
MississaugaInvestor.ca
909- 58 Lakeside Terrace
Condo Apartment · 2bd/2ba · ~850 sqft
$475,000
Cash-Flow Report · August 3, 2026
Cap Rate
0.82%
Monthly Cash Flow
-$1,863/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-21.5%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$2,186 |
| Property Tax | −$455 |
| Insurance | −$225 |
| Condo Fee | −$754 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,863/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$5,463 |
| Insurance | −$2,700 |
| Condo Fee | −$9,048 |
| Annual NOI | $3,879 |
| Cap Rate | 0.82% |
Cash Required to Close
| Down Payment (20%) | $95,000 |
| Ontario Land Transfer Tax | $5,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $103,975 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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